This sinking fund calculator is based on the following formula: i PMT = FV(1 + i)n- 1 Where: PMT= Periodic payment, FV=Future value(amount), i= Interest rate per compounding period, n= Total number of payments. *Note that the payments are made at the end of each period. ...
Uniform Series Sinking Fund factor (USSF): The calculator returns the factor as a real number. The Math / Science The formula for the Uniform Series Sinking Fund (USSF) factor is: USSF=i(1+i)n−1USSF=i(1+i)n-1 where: USSF is the Uniform Series Sinking Fund factor i is the inte...
A calculator, a reasonable estimate of the total cost of your upcoming expense, and how long it will take to occur makes it easy to set up a sinking fund. Divide the cost by the number of months until you’ll have to pay it and start saving money for those large expenses on a month...
A sinking fund is a fixed amount of money you save each month to prepare for a non-monthly expense like car repairs, home maintenance, or a twice-a-year insurance payment. (Side note: Sinking Fund would also be a great name for a boat. I might add that as a wish farm goal.) ...
The sinking fund calculator is a tool that helps you find the value you should put aside to achieve your goal at the end of the provided period. If you want to learn more about how to avoid paying lump sums on your debts or bond maturities, go to the next section to find the sinking...